NYMEX Natural Gas Futures Contract Oct23 prompt month settlement -US$0.064/MMBtu at $2.644, low of $2.637, high of $2.736, traded range of $0.099. Winter 23 -$0.065 at $3.328, Summer 24 -$0.044 at $3.172.

Market Fundamentals Prices settled down for the day, but up slightly week over week today as cooler temperatures next week and the storage surplus sits on traders’ minds. To further the bearish momentum this afternoon, Baker Hughes reported that rigs for the week ending September 15th, 2023 rose by 8 to reach 121 rigs, rebounding from the prior week’s 19-month low of 113 rigs.

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